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SELLERS DISCLOSURE STATEMENT The following is a Sellers Disclosure Statement, required by Sections 891507 through 891525 of the Mississippi Real Estate Brokers Act of 1954, as Amended, and made by

How to fill out seller s disclosure statement

How to fill out seller's disclosure statement:

1. Obtain the seller's disclosure statement form. This form can typically be obtained from your real estate agent or downloaded from your state's real estate commission website.
2. Review the form carefully. Familiarize yourself with the sections and questions included in the disclosure statement.
3. Gather necessary information. Collect all relevant documents and information about your property, such as past inspections, repairs, renovations, and any known issues.
4. Provide accurate and thorough responses. Answer each question on the disclosure statement honestly and to the best of your knowledge. If you are unsure about any particular item, it is recommended to consult with professionals or experts in that area.
5. Include all required attachments. Some disclosure forms may require you to attach additional documents, such as warranties, permits, or inspection reports. Ensure you include all the necessary attachments as specified in the instructions.
6. Seek legal advice if needed. If you have any reservations or concerns about certain disclosures, it is advisable to consult with a real estate attorney to ensure you are complying with the law and protecting yourself from potential legal issues in the future.
7. Sign and date the disclosure statement. Once you have completed filling out the form and attached any required documents, sign and date the document as indicated.
8. Provide copies to relevant parties. Make copies of the signed disclosure statement for your records, your real estate agent, and any potential buyers or their agents.
9. Keep a record of the disclosure. It is important to maintain a record of the disclosure statement, including the date it was provided to the buyers, for future reference.

Who needs seller's disclosure statement?

1. Sellers: Every property seller is typically required by law to provide a seller's disclosure statement to potential buyers. This includes individuals who are selling their own homes, as well as property developers or investors selling residential properties.
2. Real estate agents: Real estate agents representing sellers are responsible for ensuring that the seller's disclosure statement is provided to potential buyers. They play a crucial role in facilitating the completion and distribution of this document.
3. Buyers: Buyers should receive a seller's disclosure statement to gain insight into any known defects or issues that may exist with the property they are interested in purchasing. This allows them to make informed decisions and negotiate terms based on the disclosed information.

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What is seller's disclosure statement?

The seller's disclosure statement is a document that discloses any known issues or defects with the property being sold.

Who is required to file seller's disclosure statement?

In most states, sellers are required to fill out and provide a seller's disclosure statement to potential buyers.

How to fill out seller's disclosure statement?

To fill out a seller's disclosure statement, the seller must provide information about the property's condition, any past repairs or renovations, and any known issues or defects.

What is the purpose of seller's disclosure statement?

The purpose of the seller's disclosure statement is to inform potential buyers of any issues or defects with the property before they make a purchase.

What information must be reported on seller's disclosure statement?

The seller must report any known issues or defects with the property, any past repairs or renovations, and any other important information that could affect the buyer's decision to purchase the property.